Strategies for optimal intergenerational wealth transfer may require reconsideration, given the continuation of a higher basic exclusion amount by the law known as the One Big Beautiful Bill Act.
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Personal Financial Planning
Tax planning for mutual fund investments
Investors must be careful to properly time purchases and sales of mutual fund shares to avoid unfavorable income recognition from distributions.
Case study: Cross-border planning for an Australia-bound expatriate couple
Financial concerns of expatriating taxpayers include not only US taxes but also the relevant laws of the destination country.
Considerations for intergenerational split-dollar arrangements
Families with significant estate tax exposure may consider intergenerational split-dollar (IGSD) arrangements, where the senior generation loans funds to a trust to purchase life insurance on children for the benefit of grandchildren.
IRS proposes regulations for Trump accounts, pilot program
Proposed regulations under Sec. 530A provide information on how to open initial Trump accounts, and proposed regulations under Sec. 6434 provide guidance on the program that provides $1,000 contributions to Trump accounts for eligible children.
Supercharging retirement: Tax benefits and planning opportunities with cash balance plans
For the right client, these plans can build substantial retirement wealth quickly while offering tax advantages.
Revisiting Sec. 1202: Strategic planning after the 2025 OBBBA expansion
This powerful vehicle for excluding gain on qualified small business stock gains even more traction under new legislation.
Planning to preserve assets while providing long-term-care options
High costs of long-term care necessitate discussions with clients of strategies to most effectively cover this contingency.
Practical tax advice for businesses as a result of the OBBBA
H.R. 1, P.L. 119-21, the law commonly known as the One Big Beautiful Bill Act (OBBBA), contains provisions of special interest to business taxpayers. This article summarizes some of them and offers tax planning tips.
Government withdraws defense of retirement fiduciary rule
The Justice Department dropped its appeal in a case challenging a Biden-era regulation, leaving financial advisers free from new fiduciary duties for now.
IRS outlines details for Trump accounts
The IRS released initial details on Trump accounts, a new type of IRA for some children. Also, a billionaire business executive pledged $6.25 billion to provide 25 million children with a $250 contribution to a Trump account.
How a CPA and wealth adviser partnership can guide families through transition
Losing a loved one is one of the most challenging transitions families face. Beyond grief and emotional upheaval, clients are often overwhelmed by financial, legal, logistical, and even tax matters. Of course, the best time to plan for loss is well before one occurs. Proactive planning helps decrease worry and
Inflation adjustments to retirement account limits issued for 2026
The IRS announced inflation-adjusted limits on benefits and contributions for various retirement accounts on Thursday, including maximum contribution amounts for 401(k) plans and traditional and Roth IRAs.
Planning with charitable remainder trusts
Charitable remainder annuity trusts and unitrusts can be versatile and effective tools in estate planning.
No 2025 information return or withholding table changes under OBBBA
The IRS announced Thursday that it is delaying changes to certain information returns, withholding tables, and reporting and withholding procedures until tax year 2026 “to avoid disruptions.”
Unlocking the power of partnerships: How accounting firms can integrate advisory services and wealth management
David Winslow, CFP, managing director, Wealth Management, Choreo, discusses why building relationship-based advice platforms and leveraging strategic partnerships have become essential for firms aiming to meet the evolving needs of their clients.
Investing in life: Longevity technology and planning for an extended horizon
Medical advances and lifestyle changes have enabled much longer human lifespans, with profound implications for individuals and their financial advisers.
ING trusts: How they work and their continued viability
Properly established and maintained, an incomplete gift nongrantor trust may play a valuable role in some clients’ estate plans
Integrating personal financial planning into individual income tax courses
Examining a personal financial planning scenario can help students develop the application and analysis skills necessary to pass the CPA Exam.
Tax season insights for CPAs: Solutions that match your valuable tax insights
Clint Costa CPA, J.D., LL.M., Senior Wealth Strategist, Choreo, LLC, discusses three tax insights that CPAs may encounter during filing season and actionable solutions.
TAX PRACTICE MANAGEMENT
2025 tax software survey
AICPA members in tax practice assess how their return preparation software performed during tax season and offer insights into their procedures.
